All Eyes on TON: How Will Hamster Kombat’s TGE Play Out

• The token technology occasion (TGE) of Hamster Kombat is scheduled for July.
• Hamster Kombat is a tap-to-earn recreation with greater than 200 million customers.
• The TGE is predicted to have an optimistic impact on Toncoin’s value.

The Open Community (TON) blockchain is experiencing a surge in recognition and worth, pushed by the upcoming token technology occasion (TGE) for Hamster Kombat, a viral play-to-earn recreation on the Telegram platform.

The sport’s success and the anticipated token launch have spurred elevated exercise on the TON community, suggesting a rising curiosity in its potential. Hamster Kombat’s TGE will see the technical technology of the HMSTR token. As per the sport’s official web site, the token’s in-game utility will even be revealed in July, and the mission will proceed to endure important upgrades.

It is very important observe that Hamster Kombat reached the 200 million person milestone in simply three months of its debut, claiming to be the third-fastest utility to take action. The “Faucet-to-Earn” recreation, identical to Notcoin (NOT), expects to interrupt information and obtain bold milestones.

The TGE will make the most of the TON blockchain for token technology and airdrop distribution. Additional, TON wallets will probably be built-in with the gaming platform, offering extra utility to Toncoin. Hamster Kombat will even unveil extra occasions and in-game options like Squad Kombat, characters and skins, time-limited occasions, and reside occasions in This fall of 2024.

The debut of viral video games like Notcoin and Hamster Kombat has boosted the recognition of Toncoin (TON) and the TON blockchain. The community’s whole worth locked (TVL) rose from $13.51 million in the beginning of the 12 months to a monumental $712.25 million as of July 4, DefiLlama information reveals.

The all-time excessive TVL of TON stands at $733.62 million, recorded on July 2. In the meantime, the worth of the token has but to catch up. As per CoinMarketCap, the digital asset is priced at $7.60, down 4.96% within the final 24 hours.

As seen within the chart under, the Relative Energy Index (RSI) for Toncoin reads a price of 51.88, indicating shopping for strain stays increased. Nevertheless, the gradient of the road suggests a possible entry into the bearish area.

Supply: Buying and selling

The TON token can also be down 7.6% from its all-time excessive of $8.24 on June 15. Nevertheless, it’s up 431.83% since July 2023, making it one of many best-performing altcoins out there. The current market downturn has probably affected the worth motion of TON.